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Technical Analysis Of The Eur/usdTitle:
Dukascopy Morning Forex Overview : 15/05/2012
Fundamental Analysis
EUR
"Industrial producion is a imely reminder that firstquarter GDP will likely show a contracion."
- Marin van Vliet, an economist at ING
Industrial producion in the Eurozone contracted unexpectedly in March, Eurostat data showed on Monday. Producion fell 0.3 per cent from February, when it rose 0.8 per cent.
USD
"The fear factor is definitely higher."
- Madelynn Matlock, a fund manager at Hunington Asset Advisor
U.S. stocks retreated on Monday on a poliical impasse in Greece.
GBP
"I can’t see even after the next Greek election a government appearing that will be able to do anything else than perhaps manage the Greek exit."
- Simon Sole, chief execuive officer of Exclusive Analysis Ltd.
U.K. stocks tumbled on Monday. The benchmark FTSE 100 Index fell 1.97%, or ...
Title:
Technical analysis of the EUR/USD pair on May 15th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.2850 gave us a new sell signal.
The opening bearish gap is still not filled in.
All indicators are bearish.
The pair is still moving below the lower band its medium term bearish channel (purple lines) and seems to move on a short term bearish channel (black lines).
We continue to advise short positons as far as 1.2950 is resistance.
The breakout of 1.28 and 1.2750 will both give a new sell signal.
In case of return above 1.2950, we will wait the breakout of 1.30 to advise long positions.
See the previous analysis of the EUR/USD pair of May 14th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/14/2012
Dukascopy Fundamental Analysis
EUR
Industrial production in the 17 countries that use the euro fell unexpectedly in March, leaving little doubt the region contracted for a second straight quarter in the first three months of the year and returned to recession, data by Eurostat showed Monday.
USD
Stocks fell, commodities declined to their cheapest level this year and the euro weakened to a three- month low on concern that Greece will exit the single European currency and after German Chancellor Angela Merkel’s party lost a state election.
GBP
The government, and many economists, say the U.K.'s austerity plan has succeeded in reassuring financial markets that the government is focused on wrestling down the country's debt, which had ballooned to the highest levels since World War II. As a ...
Title:
Dukascopy Morning Forex Overview : 14/05/2012
Fundamental Analysis
EUR
"Equity markets are driven by two things: fundamentals and sentiment."
- Lorne Baring, managing director at B Capital SA
European stocks climbed on Friday after a report showed U.S. consumer confidence increased to the highest level in four years in May.
USD
"Confidence has been boosted by lower gasoline prices."
- Paul Dales, a senior economist at Capital Economics Ltd.
U.S. consumer confidence rose by more than expected in May as consumers became more optimistic on the outlook of the country's economy.
GBP
"The April producer price data … do little overall to reduce the uncertainty as to whether or not the Bank of England will eventually do more Quantitative Easing."
- Howard Archer, an economist at HIS Global Insight
U.K. producer prices rose by more than ...
Title:
Technical analysis of the EUR/USD pair on May 14th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made last friday a pullback on the lower band of its medium term bearish channel (purple lines).
The pair has opened the week on a bearish gap and has validated the breakout of the support at 1.29.
The bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.30 is resistance.
The breakout of 1.2850 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will wait the breakout of 1.3063 to advise long positions.
See the previous analysis of the EUR/USD pair of May 11th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 04/11/2012
Dukascopy Fundamental Analysis
EUR
European stocks declined as company earnings missed estimates, talks on forming a Greek government entered a fifth day and JPMorgan Chase & Co. posted a $2 billion trading loss. Asian shares and U.S. futures fell.
USD
Wholesale prices in the U.S. fell in April for the first time in four months, led by a decline in fuel costs that signals inflation may cool. The producer price index dropped 0.2 percent after no change in March, Labor Department figures showed today in Washington.
GBP
Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.
CHF
Swiss stocks fell for the seventh day, heading for the biggest weekly ...
Title:
Dukascopy Morning Forex Overview : 11/05/2012
Fundamental Analysis
EUR
"The overall manufacturing trend remains weak."
- Pierre-Olivier Beffy, chief economist at Exane BNP Paribas
French industrial production fell in March, said the national statistics office Insee on Thursday. Output contracted 0.9 per cent from February, when it gained 0.2 per cent.
USD
"It’s hard to get nervous that imports are rising."
- Dean Maki, chief U.S. economist at Barclays Capital Inc.
The number of Americans claiming for unemployment benefits fell to 367,000 in the week ended May 5 from 368,000 the week before, said the Department of Labor on Thursday.
GBP
"Our forecast is that they are done with QE, but you can’t rule out more later this year."
- Ross Walker, an economist at Royal Bank of Scotland Group Plc
The Bank of England kept rates on hold ...
Title:
Technical analysis of the EUR/USD pair on May 11th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made a pullback yesterday on the lower band of its bearish channel (purple lines).
The pair has validated the breakout of 1.2950 and is currently testing the next support at 1.29.
All indicators are bearish.
We continue to advise short positons as far as 1.3050 is resistance.
The breakout of 1.29 and 1.2850 will both give a new sell signal.
In case of return above 1.3050, we will wait the breakout of 1.31 to advise long positions.
See the previous analysis of the EUR/USD pair of May 10th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 04/10/2012
Dukascopy Fundamental Analysis
EUR
Greece’s next government may hold a trump card worth more than $510 billion if it heeds voters’ demands to renegotiate its bailout with the European Union.
USD
Treasury prices declined on Thursday, pushing yields up from their lowest levels since February, as news out of Europe eased some near-term uncertainty and reduced demand for the relative safe-haven status of U.S. debt.
GBP
Bank of England officials halted stimulus expansion after seven months of bond purchases as the threat of inflation trumped concerns about an economy that’s succumbed to a double-dip recession. The nine-member Monetary Policy Committee led by Governor Mervyn King today held its quantitative-easing target at 325 billion pounds ($525 billion), ending a second round of stimulus. ...
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